EXHIBIT 99
                                      NEWS RELEASE
______________________________________NASDAQ SYMBOL: WAYN
                                      RELEASE DATE: June 2, 2004
                                      CONTACT: CHARLES F. FINN
                                      CHAIRMAN AND CEO
                                      MICHAEL C. ANDERSON
                                      EXECUTIVE VICE PRESIDENT, CFO
                                      (330) 264-5767

                         WAYNE SAVINGS BANCSHARES, INC.
          ANNOUNCES COMPLETION OF STEBBINS BANCSHARES, INC. ACQUISITION


                              FOR IMMEDIATE RELEASE
                              ---------------------

     WOOSTER,  OHIO--Wayne  Savings Bancshares,  Inc. (NASDAQ:  WAYN), the stock
holding  company parent of Wayne Savings  Community  Bank,  announced today that
Wayne Savings had completed its acquisition of Stebbins Bancshares, Inc. and its
wholly owned subsidiary,  Stebbins  National Bank of Creston,  effective June 1,
2004.  Following  the  acquisition,  Stebbins  National  Bank will  continue its
operations as a branch of Wayne Savings Community Bank.

     Charles F. Finn, Chairman and CEO of Wayne Savings,  stated "We are pleased
with the addition of Stebbins  National Bank to our existing  branch network and
look forward to providing our expanded products to our new customers." Following
the completion of the Stebbins Bank acquisition,  Wayne Savings will have eleven
full-service  banking locations in Wayne,  Holmes,  Ashland,  Medina,  and Stark
counties, Ohio.

     At March 31, 2004, Wayne Savings Bancshares,  Inc. reported total assets of
$369.1 million,  total deposits of $291.8 million,  and stockholders'  equity of
$43.6 million,  resulting in a capital-to-assets ratio of 11.80%. Established in
1899, Wayne Savings Community Bank, the wholly owned subsidiary of Wayne Savings
Bancshares, Inc., is celebrating its 105th anniversary.